Inecobank and The Bank of New York Mellon mark the launch of a partnership to expand international transfer capabilities

Inecobank has launched a new, large-scale partnership with one of America’s leading financial institutions, The Bank of New York Mellon, further expanding the reach of its international transfer network and delivering faster, more efficient global financial services.

Through this partnership, Inecobank’s individual and corporate clients can now send and receive U.S. dollar transfers to and from virtually any destination worldwide with greater speed, convenience, and security. In addition, from August 21 to November 30, 2025, all USD transfers made via Inecobank will be processed free of commission. 

Beyond correspondent banking, the relationship includes a wider scope of institutional services from BNY that will support the Bank’s cross-border expansion. 

“As client needs evolve and cross-border activity accelerates, we continue to invest in the infrastructure needed to meet today’s needs while laying the foundation for long-term growth. Our partnership with BNY is another important step in providing our customers with fast, modern, and dependable banking services both in Armenia and abroad,” stated Hayk Voskanyan, Chief Executive Office.

The cooperation between the two banks will particularly contribute to the expansion of financial services provided to corporate clients, encouraging their active engagement in international trade.

“We are continuously enhancing our capabilities to deliver stable, technologically advanced solutions to our clients. Our partnership with BNY is a natural extension of this commitment and will be especially valued by our corporate clients. In today’s global business environment, the speed, reliability, and diversity of banking transactions are of critical importance, and we provide those tools that enable organizations to expand their business in international trade,” noted Artyom Chichyan, Director of Corporate Business.

The necessary details for international transfers are available on the bank’s official website and at its branches.

About Inecobank CJSC

Inecobank is one of the leading banks in the region, providing a full spectrum of retail and corporate banking services tailored to the needs and interests of individuals and businesses. Over the years, the bank has introduced innovative digital products and services, shaping a new culture of financial services in Armenia. Inecobank maintains correspondent relationships with a number of leading international banks worldwide.

About The Bank of New York Mellon Corporation (BNY)

BNY is a global financial institution that powers capital markets worldwide. They support institutions and investors in over 100 markets through services including asset servicing, clearing and custody, treasury services, investment management, and data and analytics.